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It’s Your Business: Lee County median home price up 22 percent

The median price of single-family homes in Lee County increased by nearly 22 percent in January.

The price was $140,000, an increase from the median price of $114,900 in January 2012. The median is the price at which half the homes sell for more and half for less.

Meanwhile, the rate of single-family home sales decreased by 12 percent, with 759 units sold in January compared with 864 a year earlier, the Realtor Association of Greater Fort Myers and the Beach recently reported.

Traditional sales — those that are neither bank-owned nor short sales — made up 66 percent of all transactions in January.

Presently, 57 is the average number of days a Lee single-family home is on the market and properties are selling at nearly 94 percent the asking price.

by Dave Osborn |

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Published inBuying a HomeMarket Conditions
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